The board of Directors at their meeting held on 28th May 2025, has approved the record date as 17th September 2025 for the purpose of Annual General Meeting.
Awaiting price reaction for this filing.
The board of South Asian Enterprises Ltd approved audited standalone and consolidated financial results for Q4 and FY ended 31 March 2025 at its meeting on 28 May 2025. The auditors issued an unmodified (clean) opinion on the results. Standalone, the company posted a loss after tax of Rs 333.53 lakhs for FY25 (vs Rs 13.10 lakhs loss in FY24), driven by an exceptional impairment of Rs 318.52 lakhs on loans, interest, and equity investment in its erstwhile subsidiary Chai Thela Private Limited (CTPL). CTPL, which was continuously loss-making, ceased to be a subsidiary on 27 March 2025 after the company sold its entire stake. On a consolidated basis, FY25 loss after tax narrowed to Rs 6.04 lakhs (vs Rs 40.30 lakhs loss in FY24), though a goodwill impairment of Rs 160.87 lakhs related to CTPL was recognised. The 36th AGM is fixed for 24 September 2025 via video conferencing, with 17 September 2025 as the record date. The board also appointed new Internal and Secretarial Auditors for FY25-26.
The steep standalone loss and negative operating cash flow reflect the impact of writing off exposure to CTPL, while consolidated numbers improved year-on-year. Shareholders should note the recurring losses and weak revenue base, though the company remains debt-free at the standalone level.